A polar blast has heated up natural gas futures, which are up more than 13 percent in the past week on strengthening demand and the outlook for more cold weather. Bitter cold weather across the northern tier of the U.S. expanded to the East Coast this week, and it is […]
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China is teaming up with a slew of countries to build a new Silk Road — but not everyone is happy
Aamir Qureshi | AFP | Getty Images A Chinese worker sits near trucks carrying goods during the opening of a trade project in Gwadar Port, Pakistan, on November 13, 2016. Pakistan The China Pakistan Economic Corridor (CPEC) is a partnership between the two Asian neighbors comprising of approximately $60 billion […]
The Nasdaq is on track to do something it’s never done before
The Nasdaq composite is on track to make history this week should its monthly gain hold through Friday’s close. If the tech-heavy index finishes December up, it will have posted gains in 11 of 12 months this year, an unprecedented feat for one of the country’s most-followed stock metrics. The […]
Copper, on a red-hot winning streak, is testing a critical level
As we wrap up this year and look ahead to 2018, many investors are focused on how strong global growth might be next year. This consensus is looking for strong growth, with U.S. tax cuts leading the way, though certainly not the exclusive catalyst for global economic expansion. Of course, […]
When the economic news is this good, history shows the gains are smaller for stocks
The economy could be signalling too much of a good thing for stocks. James Paulsen, chief investment strategist at Leuthold Group, warns that the Citi Economic Surprise Index is at one of the highest levels it’s ever been at and the third highest in the post-financial crisis recovery. The Citi […]
While bitcoin falls, one cryptocurrency jumps 20% after new link to some Japanese credit card companies
Ripple rose 20 percent Wednesday to an all-time high. The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a “consortium” with some Japanese credit card companies to utilize blockchain technology, according to an online translation of a release. […]
While bitcoin falls, one cryptocurrency rises 9% after new link to some Japanese credit card firms
Ripple rose more than 9 percent Wednesday, coming within 10 cents of its all-time high. The gains followed news that Tokyo-based financial services company SBI Holdings and its subsidiary SBI Ripple Asia announced the establishment of a “consortium” with some Japanese credit card companies to utilize blockchain technology, according to […]
Six new CEOs, including at Macy’s and Uber, will face the hot seat in 2018
Six new CEOs, including at Macy’s and Uber, will face the hot seat in 2018 Next year is shaping up to be a critical time in the life of six global companies, according to Jeff Sonnenfeld of the Yale University School of Management. Macy’s and Uber rank among Sonnenfeld’s list, […]
Apple pullback aside, the chart is still very much intact
Despite mounting pressures over its iPhone X, Apple is still a compelling buy, according to Craig Johnson of Piper Jaffray. A report by Taiwan’s Economic Daily earlier this week that Apple would cut its forecast for the iPhone X sent Apple shares tumbling 2.5 percent on Tuesday. The stock failed […]
Four charts that matter most for the market in 2018
Nearly every equity market in the world saw solid returns this year, and the U.S. is no exception. The S&P 500 is on pace for its best year since 2013, with a nearly 20 percent gain, year to date; the Dow Jones industrial average achieved a record number of all-time […]